Headlines about AudioCodes (NASDAQ:AUDC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AudioCodes earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 48.3641844375068 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of AudioCodes from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Needham & Company LLC lifted their target price on shares of AudioCodes from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Thursday, October 26th. William Blair reaffirmed a “buy” rating on shares of AudioCodes in a research note on Wednesday, October 25th. Finally, TheStreet raised shares of AudioCodes from a “c+” rating to a “b-” rating in a research note on Thursday, September 7th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $7.67.
Shares of AudioCodes (NASDAQ AUDC) traded down $0.06 during trading on Monday, reaching $6.88. 74,300 shares of the company’s stock traded hands, compared to its average volume of 107,632. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.69 and a quick ratio of 1.32. The stock has a market capitalization of $218.67, a PE ratio of 24.57 and a beta of 0.25. AudioCodes has a twelve month low of $5.30 and a twelve month high of $8.43.
AudioCodes (NASDAQ:AUDC) last issued its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $39.20 million during the quarter, compared to analysts’ expectations of $39.20 million. AudioCodes had a net margin of 11.84% and a return on equity of 8.33%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 earnings per share. research analysts forecast that AudioCodes will post 0.28 earnings per share for the current fiscal year.
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AudioCodes Ltd. designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications (UC) and Contact Center (CC) services. The Company categorizes its products and services into two main business lines: network and technology.
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